Reports of money laundering up 40%

Reports of money laundering up 40%

The Money Laundering Reporting Office Switzerland (MROS) registered a significant increase in the number of incoming suspicious activity reports (SARs) in 2011. MROS received a total of 1,625 SARs, an increase of 40% over 2010.

The total asset value involved also rose to a record sum of over CHF 3 billion Swiss franc, more than the 2009 and 2010 reporting years together.

MROS received 139 SARs in the wake of political events in spring 2011 across several countries, an exceptional circ...

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